Grace & White Inc. NY Grows Stock Position in CUI Global Inc (NASDAQ:CUI)

Grace & White Inc. NY increased its holdings in shares of CUI Global Inc (NASDAQ:CUI) by 34.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 984,301 shares of the industrial products company’s stock after buying an additional 254,518 shares during the quarter. Grace & White Inc. NY owned about 3.44% of CUI Global worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, White Pine Capital LLC increased its stake in CUI Global by 1.9% during the first quarter. White Pine Capital LLC now owns 733,493 shares of the industrial products company’s stock worth $866,000 after acquiring an additional 13,675 shares during the last quarter. 48.67% of the stock is owned by institutional investors.

Shares of CUI stock traded up $0.01 during trading hours on Wednesday, reaching $0.77. The company had a trading volume of 3,747 shares, compared to its average volume of 89,853. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. CUI Global Inc has a twelve month low of $0.75 and a twelve month high of $2.82. The stock has a market capitalization of $21.92 million, a P/E ratio of -2.17 and a beta of 1.24. The company’s fifty day simple moving average is $0.85.

CUI Global (NASDAQ:CUI) last posted its earnings results on Wednesday, May 15th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). CUI Global had a negative net margin of 17.44% and a negative return on equity of 21.74%. The company had revenue of $23.01 million during the quarter. Research analysts forecast that CUI Global Inc will post 0.18 earnings per share for the current year.

Several equities research analysts have commented on CUI shares. Lake Street Capital dropped their price target on CUI Global from $6.00 to $2.30 and set a “buy” rating for the company in a research note on Thursday, May 16th. B. Riley set a $2.00 price target on Ascena Retail Group and gave the stock a “hold” rating in a research note on Friday, May 17th. Finally, ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a research note on Friday, July 12th.

CUI Global Company Profile

CUI Global, Inc, through its subsidiaries, engages in the acquisition, development, and commercialization of power and electromechanical components worldwide. The company operates in two segments, Power and Electromechanical, and Energy. The Power and Electromechanical segment offers power solutions that consists of external and embedded ac-dc power supplies, dc-dc converters, and intelligent control of energy products; components, including connectors, speakers, and buzzers; and control solutions comprising encoders and sensors, which addresses power and related accessories to consumer electronics, medical, and defense industries.

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Institutional Ownership by Quarter for CUI Global (NASDAQ:CUI)

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